21C Metals is an exploration company focused on the acquisition and development of deposits of production grade metal which are critical components to current and future vehicle technology. Palladium is necessary for internal combustion engines (specifically catalytic converters) and cobalt is necessary for electric vehicle batteries.
Palladium prices have more than doubled over the past three years. Together with the weak rand and higher rhodium prices, this has given PGM producers a boost so far in 2019.
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